JUNE 13,2024 BOARD MEETING  The Board oft the Redevelopment Authority oft the County ofMontgomery, pursuant to proper  notice, convened for its regularly scheduled meeting on June 13, 2024 at 9:30 AM.  1. Onacall to roll, the following Board members were in attendance via TEAMS:  Jonathan H. Spergel, Esq. Bob Wegbreit Judith S. Memberg George Schools  James W. Sanders arrived prior to last action item  Also in attendance via TEAMS were Aliyah Stanger, Executive Director; Pamela Finegan, Deputy Director; Jocelyn Gallagher, Administrator, Fiscal Management & Operations Montgomery County Commerce Department; Stephen Forster, Director Montgomery County Commerce Department; Kaylyn Langdon and Jade Utz, Montgomery County Commerce Department; and Jason Herron, Wisler  Pearlstine.  2.  Public Comment  Stephen Forster noted that several applications for MontcoForward loans are currently  under review. 3.  Reading ofl Minutes of] Redevelopment Authority Board Meeting ofl May 9,2024 Upon a motion by Bob Wegbreit, seconded by George Schools, the Board voted unanimously to dispense with the reading oft the May 9, 2024 minutes and approve as presented.  4.  Approval ofInvoices  Upon a motion by Bob Wegbreit, seconded by Judith Memberg, the Board voted unanimously to approve the bills and invoices as presented from May 10, 2024 to. June 13, 2024.  I    5.  Financial Statements  Jocelyn Gallagher presented the May 2024 financial statements to the Board. Ms. Stanger noted that she, Ms. Finegan and Ms. Gallagher met regarding ai mid-year budget review. Ms. Stanger further noted that a majority of the projected revenue will not be received until later  ns,  in the year. 6.  Action Items  Jefferson Institute for Bioprocessing Expansion $2,000,000 Redevelopment Assistance Capital Program (RACP) Grant-I Ratify Execution of Grant  Contract ME300-2441  Upon a motion by Bob Wegbreit, seconded by Judith Memberg, the Board unanimously to ratify execution ofGrant Contract ME300-2441 for the. Jefferson Institute for Bioprocessing Expansion $2,000,000 RACP project in Lower Gwynedd Township. Ms. Stanger noted that the  Coitas  RACP project wasi for renovations to a space leased by Jefferson.  Former Nelson Ice Cream Factory $2,500,000 RACP Grant- - Ratify Execution  ofGrant Contract ME300-3268  Upon a motion by George Sanders, seconded by Bob Wegbreit, the Board voted unanimously to: ratify execution of $2,500,000 Grant Contract ME300-3268 for the former Nelson Ice Cream Factory $2,500,000 RACP project in Royersford Borough. Ms. Stanger noted that the RACP project was for site work and the overall project was for a mixed use development  2    ELU Mid-Atlantic Ambler LLC/Ambler Crossings II Industrial Sites Reuse (ISR)$88,441 Assessment Grant - Ratify Execution of Grant Contract  C000088624  Upon ai motion by Bob Wegbreit, seconded by Judith Memberg, the Board voted 3-01 to ratify execution ofa $88,441 ISR Assessment Grant Contract C000088624 for ELU Mid- Atlantic Ambler LLC/Ambler Crossings II project in Ambler Borough. Chairman Spergel  recused himself from the vote.  James Sanders joined the TEAMS meeting. Approval of Revised Loan Committee Charter  Ms. Stanger provided a copy oft the revised Loan Committee Charter to the Board. Ms. Stanger noted that the current Loan Committee Charter was. lacking in certain details. Ms. Stanger further noted the term of each member oft the Committee shall be two (2) years or until his or her successor is appointed, subsequent terms shall be arranged sO that no more than three members shall be reappointed or replaced during any future calendar year and the Authority Board, at the discretion oft the Chairman or Vice-Chairman, may remove a member oft the Committee without cause or reason. Other noted items in the Charter include the addition of  confidentiality and conflict ofinterest clauses.  Upon aj motion by Bob Wegbreit, seconded by Judith Memberg, the Board voted unanimously to approve the revised Loan Committee Charter, subject to: final review by  Authority Board Chair and Solicitor.  3    8.  Project Updates  Conshohocken Enterprise Zone Revolving Loan Fund (CEZRLF) Ms. Stanger noted shej provided al Letter ofI Intent (LOI) to Stephanie Cecco, Borough Manager, Julian Miraglia Greater Conshohocken Economic Development Corporation (GCEDC) and it's appointed solicitor (now. Albert Ciardi), outlining the terms and conditions by which the assets and liabilities oft the CEZ RLF be transferred to GCEDC. Ms. Stanger further noted that the parties have 30 days to respond and another 30 days for the transfer agreement to be  finalized.  Montgomery County Brownfields Inventory Site  Ms. Stanger presented aj prototype to the Board as prepared by Montrose Engineering related to Brownfields inventory sites in Montgomery County. Ms. Stanger was to provide al link  to the site for Board review and further discussion.  Pottstown Blight Abatement Strategy  Ms. Stanger and Judy Memberg met with Pottstown Borough do discuss implanting a  blight abatement strategy and potential sites.  Montgomery County Land Bank  Ms. Stanger noted that she is meeting with Kaleigh Silver of the Montgomery County Office of Housing & Community Development to discuss the possibility oft the Authority being involved in a County Land Bank. Ms. Stanger further noted that Ms. Silver's department was awarded a $61 million ARPA allocation to undertake the creation ofal land bank. Ms. Stanger she posed questions regarding staffing and legal requirements. Ms. Stanger advised the Board iti is likely Ms. Silver will come to the. Authority's. July meeting toj present the program. Ms.  4    Memberg advised that she would be recused on any Board actions related to the land bank  program.  Former Norristown State Hospital  Ms. Stanger. noted that the Authority'ssolicitor, Andrew Freimuth, is working with the  developer on the. Agreement of Sale.  Norristown Main & DeKalb Site  Ms. Stanger noted that the Authority approved the first amendment to the developer agreement at its April 2024 meeting granting ai three month extension, which is to expire on July 7,2024. Ms. Stanger was advised by the Municipality that the developer may desire to exercise its last three month extension as it is likely the developer will not receive approval of final land  development approvals until after. July 7, 2024.  500-600-700 East Washington Street Properties - Norristown Chairman Spergel asked ift there are any updates related to the Authority owned Washington Street properties. Mr. Forster advised that he had discussion with state representatives related to the Pennvest loan and H20 grant, which currently will have to be repaid ifas sewer plant is not built on the site. Mr. Forster also noted he also had discussions with  the Municipality's council president related to the sewer plant relocating.  Pottstown Housing Grant Program/Genesis Housing Corporation  Ms. Memberg reported that the program is well underway related to certain properties on Hale Street in the Borough that were affected by an explosion approximately two years ago. Ms. Memberg expected the grant funds will be fully expended this fall. Genesis Housing Corporation is administering the grant funds to assist eligible property owners in the area oft the  explosion.  5    9. Next Meeting  The next meeting is scheduled for. July 11, 2024 at 9:30. AM.  9.  Adjournment  Upon a motion by James Sanders, the Board agreed to conditionally adjourn the meeting  at 10:08 AM, followed by Executive Session.  5W7  6